Edmonton Housing Market Remains Stable Despite Lower Sales And Falling Oil Prices!

Posted by Derek Hulewicz on Tuesday, March 3rd, 2015 at 1:01pm.

Edmonton's single detached house and condo prices, number of sales, and inventory are up slightly in February of 2015, while average days-on-market are down!

The average price for a single family detached home in February was $430,770 up by 0.8% from last month, and up by 1.2% from February of 2014. The condo prices were also up slightly by 1.2% at $250,088. Total of 931 residential properties have sold in the 2nd month of 2015, 17% less than same period last year. The inventory increased to 5,008 residential properties available compared to 4,132 last months and 3,906 in February of 2014.  Average days-on-market were 48.

All the information in this article has been provided by Realtors® Association of Edmonton!

Below you will find five graphs that correspond to the above statistics:

 

 

 

 

 

Brought to you by Edmonton Homes For Sale Blog!

Blog Author:  Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224

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